News.com.au’s Scott Whelan has been tracking the list of Australia’s top index funds.
It was compiled by the Australian Securities and Investments Commission (ASIC), which administers the Ropecount fund.
The index fund has raised $13.5 million over the past five years, according to the Australian Financial Review.
The Ropetecount index fund raised $1.9 million in 2017.
The fund has more than doubled its annual revenue to $17.4 million.
“The Ropa, which is the national Ropepount fund, is the first Australian index fund to be listed on the ASIC’s Ropa index fund listing platform,” ASIC said in a statement.
Ropa is a national index fund that invests in the Australian stock market and is managed by the ASI.
The Australian Securities Exchange (ASX) operates the index fund, which currently includes shares in the SBS, BHP Billiton and Ropex.
The ASI has been promoting the fund as the index to follow in the wake of the financial crisis and the subsequent loss of the housing market.
The fund was introduced by the government in January 2017 to address the housing crisis, which saw the stock market crash from $6.6 trillion to $2.5 trillion in five years.
Ropecampool was the largest index fund in Australia when it was launched.
It raised $9.5 billion in a single year.
It is still active and is listed on ASIC, as is Ropa.
However, it is not the only Australian index funds that are gaining steam.
Last year, ASIC announced that it would be listing an index fund called REITX, which invests in more than 1,000 companies in Australia.
REIT is the abbreviation for REIT Companies.REITX is also a member of the ASX, but has been dormant since January 2019.RSPs, the REIT Index Fund, is another one of the many index funds to see a surge in activity this year.
The REIT index fund managed by investment giant BlackRock, raised $5.2 million in January 2018.
In 2018, the index was named as one of The Most Valuable Funds in Australia by Forbes magazine.
It has now risen to number one, while the Ropa has risen to second place.
The new fund lists an average return of 11.7 per cent, but investors can expect to see returns above 20 per cent.